Trade Alerts by Fibonacci - 20 Dec 2011 (02:42 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1640.7 (Sell)	1611.3, 1622.2, 1632.7	1525.7	1675.0

Gold Chart (1hour) - Analysis time: 02:40 am

Commentary

A Fibonacci Analysis on 1hour Gold Chart. Gives us an entry level of 1640.7, will be looking to go short here with stops beyond 1675.0. Also observing the key levels. Our projetion is 1525.7. Lets see how the market reacts to our levels.

Trade Alerts by Fibonacci - 12 Dec 2011 (23:50 pm)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1683.6 (Sell)	1679.1, 1689.1	1645.2	1698.2

Gold Chart (15min) - Analysis time: 23:50 pm

Commentary

A Fibonacci Analysis on 15min Gold Chart. Gives us an entry level of 1683.6, will be looking to go short here with stops beyond 1698.2. Also observing the key levels. Our projetion is 1645.2. Lets see how the market reacts to our levels.

Update (14 Dec 2011 time: 14:50 pm):

Well, the market came close to one of our key levels of 1679.1, then a downtrend. The market has changed and is in a new range now. Will be posting more trades soon.

Trade Alerts by Fibonacci - 05 Dec 2011 (00:40 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1730.3(Buy)	1735.4, 1740.9	1758.7	1723.7

Gold Chart (15min) - Analysis time: 00:40 am

Commentary

A Fibonacci Analysis on 15min Gold Chart. Gives us an enty point at 1730.3, looking to go long here. Also observing the key levels. Will be placing the stops beyond 1723.7. Projection of 1758.7. Lets see how the market reacts.

Trade Alerts by Fibonacci - 29 Nov 2011 (23:15 pm)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1709.1 (Buy)	1705.9, 1713.1	1745.8	1702.6

Gold Chart (15min) - Analysis time: 23:10 pm

Commentary
A Fibonacci Analysis on 15min Gold Chart. Gives us an enty point at 1709.1, looking to go long here. Also observing the key levels. Will be placing the stops beyond 1702.6. Projection of 1745.8. Lets see how the market reacts.


Result:

Gold Chart (15min) - Result (30 Nov 2011 time: 23:50 pm)

Commentary

The market broke all our levels and bounced from 1702.6 as you can see on the chart above (blue circle), going straight up to our projection level. A good trade if you had observed the market between 1710 and 1702. Going long at 1702 would have been an ideal trade. Will be posting more trades soon.

Trade Alerts by Fibonacci - 29 Nov 2011 (01:30 am)

	Entry Point	Key Level	Projection	Stop Loss
UK100	5242.2 (Buy)	5216.8, 5272.6	5408.4	5192.4

UK100 Chart (15min) - Analysis time: 01:30 am

Commentary

This time Fibonacci Analysis on UK100 index 15min chart. A entry level at 5242.2, looking to go long here. Placing my stops beyond 5192.4, also observing key levels. Projection of 5408.4. Lets see how the market reacts to these levels.

Result:

UK100 Chart (15min) - Result (29 Nov 2011 time: 23:00 pm)

Commentary
The market did bounced from one of our key levels of 5272.6 as you can see on the chart above (blue circle). Our Fibs our still valid, the entry point of 5242.2 has not been tested yet.

Trade Alerts by Fibonacci - 25 Nov 2011 (01:26 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1714.1 (Sell)	1696.9, 1705.4, 1727.7	1625.2	1741.5

Gold Chart (1hour) - Analysis time: 01:26 am

Commentary

A Fibonacci Analysis on 1hour Gold Chart. Gives us an entry level of 1714.1, will be looking to go short here with stops beyond 1741.5. Also observing the key levels. Our projetion is 1625.2. Lets see how the market reacts to our levels.

Trade Alerts by Fibonacci - 17 Nov 2011 (01:39am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1774.1 (Sell)	1766.6, 1770.4	1752.6	1778.6

Gold Chart (15min) - Analysis time: 01:35 am

Commentary

A Fibonacci Analysis on 15min Gold Chart. Gives us an enty level of 1774.1. Going short here, placing my stops beyond 1778.6. Also observing the key levels. Lets see how the market behaves to these Fibs. Will be posting the Result soon!

Gold Chart (15min) - Result (18 Nov 1011 time: 01:18 am)

Commentary
Well! the market bounced from our first key level of 1766.6 as you can see on the chart above (blue circle) and then a bearish trend. Going short at 1766.6 would have been a good trade. Will be posting more trades soon.

Trade Alerts by Fibonacci - 08 Nov 2011 (23:40 pm)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1777.7 (Buy)	1772.2, 1781.8, 1783.3	1806.4	1769.8

Gold Analysis (15min) - Analysis time: 23:40 pm

Commentary

Fibonacci Analysis on 15min Gold Chart. Some key levels to observe and a entry level around 1777.7, going long here placing stops beyond 1769.8. A projection of 1806.4. Lets see how the market reacts to our Fibs!

Gold Chart (15min) - Result (10 Nov 2011 time: 03:00 am)

Commentary
The trade was quite successful as you can see the market retraced to our entry level of 1777.7 (blue circle on the chart above) and then going upwards to 1799.5. The market retraced again but this time a breakout (red circle on the chart above). Will be posting more trades soon!

Trade Alerts by Fibonacci - 04 Nov 2011 (01:20 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1740.0 (Buy)	1731.7, 1744.3, 1750.0	1799.8	1723.4

Gold Chart (15min) - Analysis time: 01:20 am

Commentary

A Fibonacci Analysis on a 15min Gold Chart. Gives us an entry level of 1740.0, will be looking to go long here placing my stops beyond 1723.4. Projection of 1799.8. A close eye on key levels as these levels were respected in the past. I will wait for a retracement to my confluence zone and then take a decision. Lets see how the market reacts. Will be posting the result soon!

Update (08 Nov 2011 time: 23:34) :
Our projection level of 1799.8 was met today, but the market has changed. Our level of 1740 still holds.

Trade Alerts by Fibonacci - 28 Oct 2011 (00:00 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1728.1 (Buy)	1715.8, 1723.6	1812.2	1708.4

Gold Chart (15min) - Analysis time: (00:00  am)

Commentary

A Fibonacci Analysis on 15min Gold Chart. Gives us some support levels, a entry point at 1728.1 and a projection of 1812.2. By observing the market I will be looking to go long around 1728.1 and 1715.8. Lets see how the market behaves. Will be posting the result soon!

Gold Chart (15min) - Result time: 03:30

Commentary
The market did retraced after long time, breaking all our levels as you can see on the chart above (red circle). The market found support near 1705 close to our stop loss level and then bounced, the blue circle on the chart above. Waiting for market to retrace and observing the prices using indicators is key. Will be posting more trades soon!

Trade Alerts by Fibonacci - 24 Oct 2011 (00:40 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1628.8 (Buy)	1625.0, 1631.1, 1632.7	1654.3	1622.3

Gold Chart (15min) - Analysis time: 00:35 am

Commentary

Fibonacci Analysis on 15min Gold Chart. Gives us some support levels, a entry point at 1628.8 need to wait for a retracement. placing stops beyond 1622.3. I will observe to see what the market does at our key levels and use my indicators to make a decision. Lets see how the market behaves. I will be posting the result soon!

Update (26 Oct 2011 time: 00:58 am) :
The market never retraced but reached our Projection level and then steady for a while before escaping to new levels. Currently the market is around 1700, I will be looking at one of my previous posts of 3rd Oct 2011 which gives an entry point. Will be posting more trades soon!

Trade Alerts by Fibonacci - 21 Oct 2011 (00:50 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1640.2 (Sell)	1621.0, 1625.3, 1630.0	1600.2	1647.9

Gold Chart (15min) -  Analysis time: 00:50 am

Commentary

A Fibonacci Analysis on 15min Gold Chart gives us an entry level of 1640.2 to go short, I will be observing this level carefully and the key levels when the market retraces placing stops beyond 1647.9. Lets see how the market behave to our Fibs.

Result:

Gold Chart (15min) - Result time: 17:30

Commentary
The market did retraced breaking all our levels and testing the stop loss level. Going short near the stop loss level would have been a good trade as I have circled on the chart above. Will be posting more trades soon!

Trade Alerts by Fibonacci - 17 Oct 2011 (00:52 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1671.2 (Buy)	1673.5, 1674.1, 1675.7	1689.8	1667.9

Gold Chart (15min) - Analysis time: 00:50 am

Commentary
Fibonacci Analysis on 15min Gold Chart. Gives us a entry at 1671.2 with three key levels to watch. Market is bullish at the moment but I will wait for the retracement then enter around 1671.2 placing my stops below 1667.9. Lets see how the market behaves to our Fibs.

Update:
The market has retraced to our Entry Level of 1671.2, a good oppurtunity to go long here.


Result:

Gold Chart (15min) - Result time: 23:25 pm

Commentary
Well the market did retraced but tested our stop loss level. A good trade was possible as I have circled on the chart above. Using indicators at the right time and waiting for the market to comeback once it has tested or broken the level, is the key. Will be posting more trade alerts soon!!

Trade Alerts by Fibonacci - 03 Oct 2011 (00:15 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1725.2 (Sell)	1671.6, 1684.4, 1692.4	1526.8	1758.0

Gold Chart (4 hour) - Analysis time: 00:21 am

Commentary

Fibonacci Analysis on a 4 hour Gold Chart. A selling oppurtunity at 1725.2, I will place my alarms around this entry point and key levels, to see whether the market tests these levels and bounce or break them. Projection is 1526.8. I will place the stops beyond the 1758.0 level and then adjust them accordingly. Lets see how the market behaves.

Update:

Gold Chart (4 hour) - Update time: 22:30 pm

Commentary

The market did retraced to one of our key levels. Market tested our first key level of 1671.6 and went to 1680 then a downtrend. Going short at 1671.6 (as circled on the chart above) would have given us good profit. The market is near 1590 at the moment so our levels our still intact at the moment. I will be waiting for the market to retrace to our other levels. I will be posting the result soon!!

Update:

Gold Chart (4 hour) - Update time: 23:40 pm

Commentary

The market bounced back from our key level of 1684.4, going short here would have been a good trade. I have circled the area on the chart above, its the second circle from the left side. Other levels are still intact!!

Update:

 

Gold Chart (4 hour)  - Update time: 00:20 am

Commentary
The market has bounced from one of our key levels of 1692.4, this is the third time market has respected our level ( I have circled it on the chart above ). Going short at 1692.4 would have been a good trade. Our entry level of 1725.2 still holds.

Gold Chart (4 hour) - Result COMING UP!!!

Update - 11 Oct 2011 (23:45 pm)

Looking at the 4hour Gold Chart that I posted on 03 Oct 2011. The market has bounced from our key level of 1684.4. This chart is still valid as the next resistance to look for is 1692.4 and 1725.2. Lets see how the market reacts!!

Summary - 10 Oct 2011 (01:23 am)

The Gold Market was very much in our favour last week as it met our levels. On our last trade on 5min Gold Chart was quite successful as the market bounced from our entry level of 1626.5 going long to 1640, still rising. US jobs report was better than expected showing 103,000 jobs in september which gave lift to Wall Street while the downgrade of Spanish and Italian government debt by rating agency Fitch has undermined investor confidence. One of the Franco-Belgian bank Dexia, the first bank to fall victim to the debt crisis. The French and German leaders have met today to discuss the crisis issue and said that they were determined to do the necessary to ensure the recapitalization of Europe banks, they need between 100bn and 200bn euros to withstand the soveriegn debt crisis. This week news to watch is the ongoing eurozone crisis, this sovereign debt crisis will support the Gold prices this week. So more investors will be buying Gold but some analysts say that if the crisis in Europe continues and leads to recession then we could see prices going down. I will be looking at the 4hour Gold Chart that I had posted earlier in my recent posts, as I expect the market to rise and then see what it does around key levels. Will be posting more trade alerts soon!!

Trade Alerts by Fibonacci - 05 Oct 2011 (23:30 pm)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1626.5 (Buy)	1622.4, 1629.1, 1630.7	1655.4	1615.5

Gold Chart (5min) - Analysis time: 23:30 pm

Commentary
Fibonacci Analysis on a 5min Gold Chart. I will buy near 1626.5 and place my stops below 1615.5. Also observing the support at key levels. I expect the market to bounce from our entry level. I will also be looking at the 4hour Gold Chart levels from earlier post as they are still intact. Thanks!



Update:

Gold Chart (5min) - Update time: 18:14 pm

Commentary
The market has finally retraced to our entry level of 1626.5 and I will now use my indicators to make a decision to buy. Lets see how the market behaves. I will be posting the result soon.


Result:

Gold Chart (5min) - Result time: 00:15

Commentary
The market did bounced from our entry level at 1626.5. Going long at this point and coming out around 1640 was a good trade. Our levels on 4hour Gold Chart as posted earlier are still intact. Will be posting more trade alerts soon!

Trade Alerts by Fibonacci - 28 sep 2011 (19:30 pm)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1619.8, 1624.4 (Sell)	1615.6, 1630.9	1580.0	1638.3

Gold Chart (5min) - Analysis time: 19:30 pm

Commentary

Fibonacci Grid on a 5min Gold Chart, gives us a selling oppurtunity at two entry levels. Set alarms around the key levels and the first entry point 1619.8. When the market retraces to these levels only then use your indicators to enter the trade. Thanks!

Gold Chart (5min) - Result time: 23:35 pm

Commentary

Market did respected some of our levels. The market went close to our projection level then retraced big time. It broke all our resistance levels but tested 1630.9 key level was good place to go short(sell). I have circled the area on chart above. Patience is the key when trading with fibonacci levels, limit your loss on each trade. As Warren Buffet once said "Two golden rules, first rule, never lose your capital and second rule, never forget the first rule". More trade alerts soon!



Trade Alerts by Fibonacci - 28 Sep 2011 (00:06 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1657.3 (Sell)	1653.3, 1654.5, 1655.7	1640.0	1660.8

Gold Chart (3min) - Analysis time: 00:06 am

Commentary
Hi!, Fibonacci Analysis on a 3min Gold Chart, shows some interesting levels. Observe key levels carefuly, when there is a correction. I would enter around 1657.3 going short. Lets see how the market behaves to these levels. I will be posting the result soon!

Gold Chart (3min) - Result time: 18:20 pm

Commentary
The market did retraced to our key levels, it tested our first key level or resistance level at 1653.3 as circle(light blue) on the chart above. Then a bearish trend taking us to 1638.9, it even dropped further to 1632 after a bit of correction.The market was stable after that but gradually breaking all the resistance levels as cicled(red) on the chart above. Money could have been made with some price observation around key levels and by the use of indicators. Will be posting more trade alerts soon!

Trade Alerts by Fibonacci - 27 Sep 2011 (00:45 am)

Commentary
Hi!, here is the result for our Gold Daily Chart. Market bounced from 1630 level twice and on third wave it broke all our daily chart levels. So, if you had gone short(sell) on a 15min chart at about 1748 which was our key level from where the downtrend started coming to 1630 our entry level on a daily chart, and then gone long(buy) twice at 1630 was indeed the ideal trade for me. Below is the chart which shows the bounce from 1630 twice(circled as blue) and then the breakout(circled as red). Will be posting more trade alerts soon!

Gold Chart - (15 min) time: 00:45 am

Trade Alert by Fibonacci - 26 Sep 2011 (03:00 am)

Commentary
Welcome Back!, my last post on Gold Chart (15min)  and Aus200 Chart (60min) still holds as the market has just expanded a little bit. But currently my analysis on Gold Daily Chart that I did on 15 Sep 2011 is in play. The Market has bounced back from 1630 twice which was our buying position on a daily chart. My personnal opinion is to buy and hold at this point. Do look at the Gold Chart (15min) below, I have cicled where the market tested 1630 level which is our main level on daily chart. Thanks!

Gold Chart - (15 min) time: 03:00 am

Trade Alerts by Fibonacci - 23 Sep 2011 (01:00 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1770 (Sell)	1748.4, 1753.4, 1759.9	1720.3	1780.5

Gold Chart (15min) - Analysis time: 01:00 am

Commentary

A Fibonnaci grid on 15min time frame. Gives us an entry point at 1770, but first observing the key levels. I will put my stops beyond 1780.5 and adjust it. Do keep an eye on the news!!

Gold Chart (15min) - Result time: 03:00

Commentary

See how the market tested our Key Level of 1748.4 and then a downward trend  to 1630. Study this post with my post of Gold Daily Chart on 15 Sep 2011 to get the clear picture.

Trade Alert - 23 Sep 2011 (15:00 pm)

Commentary
Hi, there has been a dip in Gold market but a reversal is expected. I did a analysis on a Gold Daily Chart on 15 Sep 2011, if you scroll down my posts you will find it. There is a buying oppurtunity there but also see a key level of 1682 which is being tested at the moment. See you shortly!

Trade Alerts by Fibonacci - 22 Sep 2011 (00:55 am)

	Entry Point	Key Level	Projection	Stop Loss
AUS200	4105.1 (Sell)	4055.0, 4074.7	3950.7	4136.4

AUS200 Chart (60min) - Analysis time: 00:30

Commentary
Welcome back!, a Fibonacci grid on 60min Aus200 index. Looking to go short at 4105.1. Let the market retrace to key levels then use your indicators. Once it tests the entry level or break it, then wait for the bounce, you can also use a 5min or 3min chart at that point to enter  the trade. A smaller time frame for order execution is better. Thanks!

AUS200 Chart (60min) - Result COMING UP!!!

Trade Alerts by Fibonacci - 21 Sep 2011 (00:20 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1790.1 (Buy)	1793.9, 1794.9, 1797.6	1812.1	1785.6

Gold Chart (5min) - Analysis time: 00:24 am

Commentary
Hi!, Using Fibonacci Analysis on 5min Gold Chart. Gives us an entry point at 1790.1, I will buy at this point if the market test this confluence zone. I will be placing my stops beyond 1785.6 and adjust accordingly. Lets see how the market reacts to our key levels. Thanks!

Gold Chart (5min) - Result time: 22:50 pm

Commentary
Hi!, Our Fibonacci Levels worked quite level. Market tested our main zone at 1790.1 twice followed by an upward trend. The second bounce ended right at the projected level of 1812.1. I have cicled it on the graph for you to see. Keep looking for upcoming trades. Thanks!

Trade Alerts by Fibonacci - 19 Sep 2011 (17:30 pm)

	Entry Point	Key Level	Projection	Stop Loss
AUS200	4088.1 (Sell)	4074.2, 4081.2, 4098.8	4014.1	4116.2

AUS200 Index Chart (15min)- Analysis time: 17:30 pm

Commentary
Hi!, Resistance Levels for Australia 200 index on a 15min time frame. I will go short around 4088.1. As the market retraces to Key Levels I will use RSI and other indicators to confirm my position. See you soon!

AUS200 Index Chart (15min) - Result time: 18:40 pm

Commentary
Hi!, Our Fibonacci levels were well respected. As the market bounced from our main resistance level 4088.1 as you can see on the graph (first cicle from the left), and then a downtrend right to the second cicle.  Notice how the market then went up right to our key level 4098.8 (see the third circle on the chart) which is our next resistance level after 4088.1. This is an examle of good trade. thanks!

Trade Alerts by Fibonacci - 19 Sep 2011 (13:45 pm)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1803.3 (Buy)	1797.8, 1807.1, 1809.1	1843.0	1788.1, 1794.5

Gold Chart (15min) - Analysis time: 13:30 pm

Commentary
Fibonacci grid on 15min time frame shows some interesting levels. I will set my alarms around the key levels and wait for the market to retrace. I will buy around 1803.3 and also adjust my stops. thanks!!

Gold Chart (15min) - Result time: 17:28

Commentary
Hi!, a breakout occurred as I have circled on the graph. Market broke all our support levels. Market is volatile and still finding its range. Always wait for the market to retrace, test the fibonacci level or break it and then let it comes back, thats the ideal situation.

Trade Alerts by Fibonacci - 16 Sep 2011 ( 01:00 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1802.5 (Sell)	1796.2, 1799.5, 1806.7	1756.4	1814.0, 1818.7

Gold Chart - Analysis time: 00:30 am

Commentary
Hi!, today I'm using Fibonnacci Retracements on 15min Gold Chart. I will wait for the market to break our two key resistance levels and then test our main level,  I will enter my trade near 1802.5 going short this time looking for bearish trend.

Gold Chart - Result  time: 19:33 pm

Commentary
Hi!, our Fibonacci Levels were broken as the market was still making its range. The only level that was respected was 1818.7(as circled on the graph). But at least we knew where our Stops should be if the market goes against us or in case of breakout. There was still something for the traders as you can trade between different fibonacci levels but this requires some skill. Let us look towards future and see how the market responds to our levels in coming week. More trades coming up, do visit!!

Trade Alerts by Fibonacci - 15 Sep 2011 (01:30 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1630.1 (Buy)	1682.1, 1704.2, 1734.1	2085.7	1464.5, 1579.6

Gold Chart - Analysis time: 01:30 am

Commentary
Hello!, first time Fibonnaci grid on a daily chart, it gives us three key levels of support which we need to observe. I will wait till the market retraces to my main target zone which is 1630.1 where I will go long. Initially my stops will be beyond 1579.6 which I will move up accordingly. I will be posting trades on smaller time frame as always but result for this one I will be posting under this post. Lets see how the market reacts to these levels.

Trade Alerts by Fibonacci - 13 Sep 2011 (00:51 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1837.1 (Sell)	1825.0, 1829.9	1789.8	1855.2

  

Gold Chart - Analysis time: 00:51 am

Commentary

Hello!, using Fibonacci grid on 15min time frame. You can see the current downtrend, as I will wait for the market to come to key levels and then sell near 1837.1 placing my stops near 1855.2. As 1837.1 is my rally point and I will use my indicators to see how market react to this level and go from there. Lets see how it goes!!

Gold Chart - Result time: 16:20 pm

Commentary

Hi!, See how our Fibonacci Levels been respected. Our key levels were broken but look how the market bounced from our entry level and then a downtrend ending near the projection level, as circled on the graph. Our main level of 1837.1 is still intact, let see how market behaves.

Trade Alerts by Fibonacci - 12 Sep 2011 (01:00 am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1843.5 (Buy)	1847.8, 1850.2	1880	1835.7

Gold Chart - Analysis time: 01:00 am

Commentary
Hello!, Welcome back, Fibonacci Grid on a 5min Gold Chart. As there is volatility in the gold market but still looks bullish in long-term. I will wait for a retracement and observe the key levels (support). I would enter the market near 1843.5 going long and stops under 1835.7. As looking at the bollinger bands currently there is a squeeze means there is trend coming up shortly. Do keep an eye on the news and use your indicators. Thanks!

Gold Chart - Result time: 19:30 pm

Commentary
Hello! Yes our Fibonacci Levels were respected by the market. Market bounced back from our main entry level at 1843.5 as I have circled it on the graph and then slowly went up if you see the trend line. This was an ideal trade using fibonacci retracements. Afterwards it came back to 1843.5 and then there was a breakout. See you guys soon!

Trade Alerts by Fibonacci - 9 Sep 2011 (00:45am)

	Entry Point	Key Level	Projection	Stop Loss
Gold	1842.7 (Buy)	1850.2, 1854.7	1894.1	1826.9

Gold Chart - Analysis time: 00:45am

Commentary 
Hi! everyone, a Fibonnaci grid on a 15min time frame. I will anticipate a retracement and enter my trade around 1842.7 going long this time. Once the market retrace to key levels I will use other indicators like moving averages and bollinger bands to identify the trend. I will  place my stops around 1826.9 incase the market goes against me. My projection remains around 1894.1. Lets hope for the best and plan for the worst. Good Luck!




Gold Chart - Result time: 18:45pm

Commentary 
Well lets look at the graph and see how the market reacted to our levels, as I have circled the area of concern as you can clearly see a breakout which broke all our levels going right near 1829 near our stop. As we all know that Obama's speech today on Job's and Profit taking at top caused the Gold Prices downward. But still I think if you had observed the market there was still something for traders like me, you can see a slow upward trend from 1829 to 1860. see you guys soon!